Commonwealth of Pennsylvania Public School Empls Retrmt SYS

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 8, 2025), Commonwealth of Pennsylvania Public School Empls Retrmt SYS reported 1,633 stock positions worth $18.9 billion. Its top holding was Nvidia (NVDA) at 5.0% of the portfolio, followed by Microsoft (MSFT, 4.8%) and Apple (AAPL, 4.0%). Compared with Q1 2025, it opened 60 new positions, sold out of 41, added to 1,433 and reduced 63. The biggest buy was Nvidia (NVDA, shares +7%) and the biggest sale an exit from iShares JP Morgan Usd Emergi (EMB).

Most Recent 13F
Q2 2026
Location
HARRISBURG, PA
CIK
0001083190
Portfolio Value
$18.9B (Q2 2025)
SEC Filing
0001083190-25-000006 ↗ filed Aug 8, 2025

Holdings Value

0$5.0B$10.0B$15.0B$20.0B$25.0B Q1 2024: $14.6B Q1 2024 Q2 2024: $15.1B Q2 2024 Q3 2024: $15.8B Q3 2024 Q4 2024: $16.1B Q4 2024 Q1 2025: $16.9B Q1 2025 Q2 2025: $18.9B $18.9B Q2 2025 Q3 2025: $19.9B Q3 2025 Q4 2025: $19.7B Q4 2025 Q1 2026: $19.6B Q1 2026 Q2 2026: $20.6B Q2 2026

Holdings 1,633 stocks · $18.9B

NVDA Nvidia Corp. 5.00% 5,981,184 $945.0M Add +6.8%
MSFT Microsoft Corp. 4.80% 1,822,873 $906.7M Add +7.2%
AAPL Apple Inc. 3.98% 3,663,095 $751.6M Add +6.6%
AMZN Amazon.com Inc. 2.69% 2,317,310 $508.4M Add +7.4%
AGG iShares Core U.S. Aggregate 2.09% 3,987,632 $395.6M Add +1.0%
META Meta Platforms Inc. Class A 2.08% 532,486 $393.0M Add +6.3%
RSP Invesco S&P 500 Equal Weight 1.95% 2,027,552 $368.5M Add +119.1%
AVGO Broadcom Inc. 1.68% 1,153,179 $317.9M Add +7.6%
NEE Nextera Energy Inc. 1.42% 3,877,791 $269.2M Add +1.1%
GOOGL Alphabet Inc. Class A 1.33% 1,427,387 $251.5M Add +7.0%
BRK.B Berkshire Hathaway Inc. Class B 1.16% 449,734 $218.5M Add +7.3%
TSLA Tesla Inc. 1.16% 687,263 $218.3M Add +7.4%
UNP Union Pacific Corp. 1.11% 911,292 $209.7M Add +0.3%
GOOG Alphabet Inc. Class C 1.08% 1,151,411 $204.2M Add +6.5%
JPM JPMorgan Chase & Co. 1.05% 681,588 $197.6M Add +6.6%
SO The Southern Co. 1.03% 2,120,654 $194.7M Add +1.4%
DUK Duke Energy Corp. 0.93% 1,497,554 $176.7M Add +1.6%
AMT American Tower Corp. 0.91% 777,550 $171.9M Add +2.4%
LLY Eli Lilly & Co. 0.80% 192,923 $150.4M Add +7.1%
V Visa Inc. Class A 0.79% 419,629 $149.0M Add +6.5%
NFLX Netflix Inc. 0.74% 104,374 $139.8M Add +6.7%
WMB Williams Cos Inc. 0.67% 2,025,260 $127.2M Add +2.4%
XOM Exxon Mobil Corp. 0.60% 1,057,052 $114.0M Add +6.2%
MA Mastercard Inc. Class A 0.59% 198,936 $111.8M Add +6.8%
COST Costco Wholesale Corp. 0.57% 108,816 $107.7M Add +7.2%
SPY SS SPDR S&P 500 ETF Trust-US 0.57% 173,636 $107.3M Reduce -67.4%
AEP American Electric Power 0.57% 1,029,774 $106.8M Add +1.3%
WMT Walmart Inc. 0.55% 1,059,622 $103.6M Add +6.8%
SRE Sempra 0.50% 1,256,547 $95.2M Add +3.9%
KMI Kinder Morgan Inc. 0.50% 3,190,359 $93.8M Add +1.3%
CSX CSX Corp. 0.49% 2,866,947 $93.5M Reduce -0.3%
D Dominion Energy Inc. 0.49% 1,642,868 $92.9M Add +2.7%
LNG Cheniere Energy Inc. 0.49% 379,958 $92.5M Add +12.1%
PG The Procter & Gamble Co. 0.48% 575,012 $91.6M Add +7.2%
JNJ Johnson & Johnson 0.48% 590,103 $90.1M Add +7.2%
HD Home Depot Inc. 0.47% 243,766 $89.4M Add +7.3%
NSC Norfolk Southern Corp. 0.47% 344,363 $88.1M Add +2.1%
ORCL Oracle Corp. 0.46% 398,897 $87.2M Add +7.5%
EXC Exelon Corp. 0.45% 1,977,879 $85.9M Add +3.5%
OKE Oneok Inc. 0.45% 1,039,857 $84.9M Add +3.2%
PEG Public Service Enterprise GP 0.44% 987,339 $83.1M Add +3.8%
ABBV Abbvie Inc. 0.43% 433,220 $80.4M Add +7.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.40% 1,607,094 $76.0M Add +6.1%
XEL Xcel Energy Inc. 0.40% 1,111,027 $75.7M Add +1.3%
CCI Crown Castle Inc. 0.39% 712,815 $73.2M Add +0.9%
PLTR Palantir Technologies Inc. Class A 0.38% 521,691 $71.1M Add +11.3%
ED Consolidated Edison Inc. 0.37% 693,889 $69.6M Add +5.0%
PM Philip Morris International 0.37% 381,744 $69.5M Add +7.4%
UNH Unitedhealth Group Inc. 0.37% 222,481 $69.4M Add +5.7%
ETR Entergy Corp. 0.37% 833,398 $69.3M Add +2.4%
CSCO Cisco Systems Inc. 0.36% 975,698 $67.7M Add +7.1%
GE General Electric filed as GE AEROSPACE 0.36% 261,537 $67.3M Add +6.5%
KO The Coca-Cola Co. 0.36% 950,022 $67.2M Add +7.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.36% 227,940 $67.2M Add +7.8%
WEC WEC Energy Group Inc. 0.36% 644,129 $67.1M Add +6.7%
MELI MercadoLibre Inc. 0.34% 24,565 $64.2M Reduce -3.7%
CRM Salesforce Inc. 0.34% 235,316 $64.2M Add +7.5%
WFC Wells Fargo & Co. 0.34% 798,106 $63.9M Add +6.1%
TRGP Targa Resources Corp. 0.33% 357,699 $62.3M Add +1.6%
PCG P G & E Corp. 0.31% 4,222,023 $58.9M Add +1.3%
WELL Welltower Inc. 0.31% 564,639 $58.2M Add +66.2%
ABT Abbott Laboratories 0.31% 426,704 $58.0M Add +7.6%
CVX Chevron Corp. 0.30% 398,331 $57.0M Add +4.2%
AMD Advanced Micro Devices 0.30% 397,657 $56.4M Add +7.3%
PLD Prologis Inc. 0.29% 528,162 $55.5M Add +3.0%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.29% 440,907 $54.7M Add +6.7%
LIN Linde PLC 0.29% 115,448 $54.2M Add +6.0%
INTU Intuit Inc. 0.29% 68,564 $54.0M Add +7.1%
GS Goldman Sachs Group Inc. 0.28% 75,254 $53.3M Add +5.5%
NOW ServiceNow Inc. 0.28% 50,768 $52.2M Add +7.8%
AWK American Water Works Co. Inc. 0.28% 375,006 $52.2M Add +0.8%
MCD McDonald's Corp. 0.27% 175,366 $51.2M Add +7.0%
T AT&T Inc. 0.27% 1,764,761 $51.1M Add +7.5%
AEE Ameren Corporation 0.26% 519,615 $49.9M Add +2.2%
MRK Merck & Co. Inc. 0.26% 615,844 $48.8M Add +6.5%
SE Sea Ltd.-ADR 0.26% 303,306 $48.5M Reduce -0.7%
PPL PPL Corp. 0.26% 1,424,623 $48.3M Add +1.1%
ATO Atmos Energy Corp. 0.25% 311,517 $48.0M Add +5.1%
UBER Uber Technologies Inc. 0.25% 512,871 $47.9M Add +7.4%
RTX RTX Corp. 0.25% 327,650 $47.8M Add +7.5%
ISRG Intuitive Surgical Inc. 0.25% 87,904 $47.8M Add +7.8%
TXN Texas Instruments Inc. 0.24% 222,808 $46.3M Add +7.0%
BKNG Booking Holdings Inc. 0.24% 7,981 $46.2M Add +5.4%
CNP Centerpoint Energy Inc. 0.24% 1,254,681 $46.1M Add +1.8%
ACN Accenture PLC Class A 0.24% 153,536 $45.9M Add +7.3%
ES Eversource Energy 0.24% 707,289 $45.0M Add +1.0%
CAT Caterpillar Inc. 0.24% 115,347 $44.8M Add +5.5%
VZ Verizon Communications Inc. 0.24% 1,033,997 $44.7M Add +7.4%
PEP Pepsico Inc. 0.23% 336,265 $44.4M Add +7.2%
EQIX Equinix Inc. 0.23% 55,654 $44.3M Add +3.8%
IEFA iShares Core MSCI Eafe ETF 0.23% 519,410 $43.4M Add +38.7%
AXP American Express Co. 0.23% 135,740 $43.3M Add +7.0%
QCOM Qualcomm Inc. 0.23% 269,092 $42.9M Add +6.4%
MS Morgan Stanley 0.23% 302,970 $42.7M Add +7.1%
SBAC SBA Communications Corp. 0.22% 179,706 $42.2M Add +3.0%
FE Firstenergy Corp. 0.22% 1,047,781 $42.2M Reduce -3.4%
SPGI S&P Global Inc. 0.21% 76,986 $40.6M Add +6.9%
ADBE Adobe Inc. 0.21% 104,528 $40.4M Add +5.0%
CMS CMS Energy Corp. 0.21% 573,084 $39.7M Add +0.8%
C Citigroup Inc. 0.21% 458,072 $39.0M Add +6.7%

Show all 1,633 holdings

Other holdings (13): bonds, preferreds, convertibles and warrants · $4.7M (not counted above)
SecurityClassShares / PrincipalValueChange
SDHIR Siddhi Acquisition Corp. RIGHT 09/15/2029 400,000$4.0MNew
JACKSON ACQUISITION CO II RIGHT 99/99/9999 500,000$138KNo change
AACBR Artius II Acquisition Inc. RIGHT 11/27/2029 398,909$112KNew
NHICW Newhold Investment Corp. - 30 *W EXP 01/30/203 199,600$97KNew
TACOW Berto Acquisition Corp. - 30 *W EXP 05/01/203 102,662$82KNew
ALDFW Aldel Financial II Inc. - 29 *W EXP 09/26/203 150,217$78KNew
CHACR Crane Harbor Acquisition-RTS RIGHT 04/17/2030 316,318$66KNew
BEAGR Bold Eagle Acquisition Corp. RIGHT 10/11/2029 154,000$48KReduce -13.8%
PLMKW Plum Acquisition Corp. IV-30 *W EXP 08/19/202 125,000$28KNo change
BRRWW Columbus Circle Capital -30 *W EXP 05/16/203 10,600$18KNew
MLACR Mountain Lake Acquisition Co. RIGHT 11/15/2028 67,600$11KReduce -2.9%
ATIIW Archimedes Tech-30 *W EXP 10/15/202 22,557$9KNew
IBACR Ib Acquisition Corp.-RTS RIGHT 09/28/2026 171,252$8KNo change

Total filed on the 13F, all lines: $18.9B.

Portfolio Sells Q1 2025 → Q2 2025

EMB iShares JP Morgan Usd Emergi Sold out 0.00% −1.89
SPY SS SPDR S&P 500 ETF Trust-US Reduce -67.4% 0.57% −1.19
IEMG iShares Core MSCI Emerging Sold out 0.00% −0.10
LIVONGO HEALTH (TDOC 0.875 06/01/25) Sold out 0.00% −0.08
DFS Discover Financial Services Sold out 0.00% −0.06
FLUT Flutter Entertainment PLC-Di Sold out 0.00% −0.04
K Kellanova Reduce -53.4% 0.03% −0.04
CHX Championx Corp. Reduce -80.3% 0.01% −0.04
FE Firstenergy Corp. Reduce -3.4% 0.22% −0.04
EEM iShares MSCI Emerging Market Sold out 0.00% −0.04
NETD Nabors Energy Transition C-A Sold out 0.00% −0.03
ANSC Agriculture & Natural Soluti Reduce -50.0% 0.02% −0.03
ARES ACQUISITION CORP II Sold out 0.00% −0.03
GLOB Globant SA Reduce -4.7% 0.05% −0.03
SPKLF Spark I Acquisition Corp. Sold out 0.00% −0.03
SIMA Sim Acquisition Corp. I-A Sold out 0.00% −0.02
DRDB Roman DBDR Acquisition Corp. Sold out 0.00% −0.02
PYCR Paycor HCM Inc. Sold out 0.00% −0.02
LYFT INC (LYFT 1.5 05/15/25) Sold out 0.00% −0.02
CEP Cantor Equity Partners Inc. Sold out 0.00% −0.02
TCOM Trip.com Group Ltd.-ADR Sold out 0.00% −0.02
WLAC Willow Lane Acquisition Class A Sold out 0.00% −0.02
SVCC Stellar V Capital Corp. Class A Reduce -50.7% 0.00% −0.02
DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) Reduce -16.4% 0.05% −0.02
IJH iShares Core S&P Midcap ETF Reduce -12.8% 0.07% −0.01
ALGM Allegro Microsystems Inc. Reduce -74.4% 0.01% −0.01
X United States Steel Corp. Sold out 0.00% −0.01
GES Guess? Inc. Sold out 0.00% −0.01
FIVE9 INC (FIVN 0.5 06/01/25) Sold out 0.00% −0.01
TDAC Translational Development Ac Reduce -50.0% 0.00% −0.01
CLBT Cellebrite Di Ltd. Reduce -51.7% 0.01% −0.01
BERY Berry Global Group Inc. Sold out 0.00% −0.01
PDCO Patterson Cos Inc. Sold out 0.00% −0.01
NVRO Nevro LLC Sold out 0.00% −0.01
IJR iShares Core S&P Small-Cap E Reduce -21.7% 0.02% −0.01
ATSG Air Transport Services Group Sold out 0.00% −0.01
PLYA Playa Hotels & Resorts NV Sold out 0.00% −0.01
ITCI Intra-Cellular Therapies Inc. Sold out 0.00% −0.01
HDB HDFC Bank Ltd.-ADR Reduce -9.7% 0.10% −0.01
PRA Proassurance Corp. Reduce -78.8% 0.00% −0.01
PTVE Pactiv Evergreen Inc. Sold out 0.00% −0.01
LGTY Logility Supply Chain Soluti Sold out 0.00% −0.01
VIPS Vipshop Holdings Ltd. - ADR Reduce -2.1% 0.03% −0.01
MPT Medical Properties Trust Inc. Reduce -6.3% 0.01% −0.00
CCIR Cohen Circle Acquisitio Class A Reduce -17.6% 0.01% −0.00
CSX CSX Corp. Reduce -0.3% 0.49% −0.00
GB Global Blue Group Holding AG Sold out 0.00% −0.00
NU Nu Holdings Ltd./Cayman Isl-A Reduce -26.8% 0.03% −0.00
TRMD Torm PLC-A Sold out 0.00% −0.00
KR Kroger Co. Reduce -1.3% 0.06% −0.00

Portfolio Buys Q1 2025 → Q2 2025

NVDA Nvidia Corp. Add +6.8% 5.00% +1.42
MSFT Microsoft Corp. Add +7.2% 4.80% +1.03
RSP Invesco S&P 500 Equal Weight Add +119.1% 1.95% +1.00
AVGO Broadcom Inc. Add +7.6% 1.68% +0.62
META Meta Platforms Inc. Class A Add +6.3% 2.08% +0.38
AMZN Amazon.com Inc. Add +7.4% 2.69% +0.27
NFLX Netflix Inc. Add +6.7% 0.74% +0.20
TSLA Tesla Inc. Add +7.4% 1.16% +0.18
ORCL Oracle Corp. Add +7.5% 0.46% +0.16
PLTR Palantir Technologies Inc. Class A Add +11.3% 0.38% +0.14
JPM JPMorgan Chase & Co. Add +6.6% 1.05% +0.12
EWJ iShares MSCI Japan ETF New 0.12% +0.12
GOOGL Alphabet Inc. Class A Add +7.0% 1.33% +0.11
COIN Coinbase Global Inc. Class A New 0.10% +0.10
COF Capital One Financial Corp. Add +80.0% 0.18% +0.08
GOOG Alphabet Inc. Class C Add +6.5% 1.08% +0.08
CEG Constellation Energy Add +30.5% 0.16% +0.07
AMD Advanced Micro Devices Add +7.3% 0.30% +0.07
GEV GE Vernova Inc. Add +6.1% 0.19% +0.07
GE General Electric Add +6.5% 0.36% +0.07
VST Vistra Corp. Add +45.7% 0.12% +0.06
IEFA iShares Core MSCI Eafe ETF Add +38.7% 0.23% +0.06
NOW ServiceNow Inc. Add +7.8% 0.28% +0.05
INTU Intuit Inc. Add +7.1% 0.29% +0.05
GS Goldman Sachs Group Inc. Add +5.5% 0.28% +0.05
DIS The Walt Disney Co. Add +6.7% 0.29% +0.05
MU Micron Technology Inc. Add +7.6% 0.18% +0.05
APH Amphenol Corp. Class A Add +7.1% 0.15% +0.05
UBER Uber Technologies Inc. Add +7.4% 0.25% +0.05
CRWD CrowdStrike Holdings Inc. Class A Add +8.4% 0.16% +0.05
IBM Intl Business Machines Corp. Add +7.8% 0.36% +0.05
FIVERR INTERNATIONAL LTD (FVRR 0 11/01/25) Add +258.4% 0.06% +0.04
BKNG Booking Holdings Inc. Add +5.4% 0.24% +0.04
ETN Eaton Corp. PLC Add +6.2% 0.18% +0.04
LRCX Lam Research Corp. Add +6.9% 0.16% +0.04
PM Philip Morris International Add +7.4% 0.37% +0.03
WMT Walmart Inc. Add +6.8% 0.55% +0.03
AMAT Applied Materials Inc. Add +7.2% 0.19% +0.03
RCL Royal Caribbean Cruises Ltd. Add +8.2% 0.10% +0.03
BA The Boeing Co. Add +7.8% 0.20% +0.03
KLAC KLA Corp. Add +6.7% 0.15% +0.03
MS Morgan Stanley Add +7.1% 0.23% +0.03
BAC Bank of America Corp. Add +6.1% 0.40% +0.03
ANET Arista Networks Inc. Add +6.9% 0.14% +0.03
AXON Axon Enterprise Inc. Add +9.5% 0.08% +0.03
AXP American Express Co. Add +7.0% 0.23% +0.03
TLN Talen Energy Corp. New 0.03% +0.03
HWM Howmet Aerospace Inc. Add +6.9% 0.10% +0.03
LNG Cheniere Energy Inc. Add +12.1% 0.49% +0.03
CSCO Cisco Systems Inc. Add +7.1% 0.36% +0.03

Notes & Other Activity Q1 2025 → Q2 2025

SDHIR Siddhi Acquisition Corp. RIGHT 09/15/2029 New 400,000 $4.0M
AACBR Artius II Acquisition Inc. RIGHT 11/27/2029 New 398,909 $112K
NHICW Newhold Investment Corp. - 30 *W EXP 01/30/203 New 199,600 $97K
TACOW Berto Acquisition Corp. - 30 *W EXP 05/01/203 New 102,662 $82K
ALDFW Aldel Financial II Inc. - 29 *W EXP 09/26/203 New 150,217 $78K
CHACR Crane Harbor Acquisition-RTS RIGHT 04/17/2030 New 316,318 $66K
BEAGR Bold Eagle Acquisition Corp. RIGHT 10/11/2029 Reduce -13.8% 154,000 $48K
TDACW Translational Dev -A -CW26 *W EXP 12/18/202 Sold out 100,000 $26Kbefore exit
BRRWW Columbus Circle Capital -30 *W EXP 05/16/203 New 10,600 $18K
OACCW Oaktree Acquisition III -31 *W EXP 09/01/203 Sold out 16,336 $12Kbefore exit
MLACR Mountain Lake Acquisition Co. RIGHT 11/15/2028 Reduce -2.9% 67,600 $11K
ATIIW Archimedes Tech-30 *W EXP 10/15/202 New 22,557 $9K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 1,644$20.6BNVDA, AAPL, MSFT, AMZN, IEMG
Q1 2026 1,678$19.6BNVDA, AAPL, MSFT, AMZN, GOOGL
Q4 2025 1,670$19.7BNVDA, AAPL, MSFT, RSP, AMZN
Q3 2025 1,663$19.9BNVDA, MSFT, AAPL, RSP, AMZN
Q2 2025 1,633$18.9BNVDA, MSFT, AAPL, AMZN, AGG
Q1 2025 1,613$16.9BAAPL, MSFT, NVDA, AMZN, AGG
Q4 2024 1,604$16.1BAAPL, NVDA, MSFT, AMZN, EMB
Q3 2024 1,582$15.8BAAPL, MSFT, NVDA, AMZN, EMB
Q2 2024 1,550$15.1BMSFT, NVDA, AAPL, AGG, AMZN
Q1 2024 1,535$14.6BMSFT, AGG, AAPL, NVDA, AMZN